The world's largest industrial developer and landlord has announced its first major hire in greater Vancouver since expanding into the region earlier this year.
Prologis, based in San Francisco, appointed Matt Brock as vice president and investment officer to oversee the company's capital deployment, property portfolio and customer engagement in Vancouver.
The San Francisco-based company announced in March that it bought its first warehouse in the region, a 289,000-square-foot building in the city's Delta suburb, with plans to open a local office to aid its goal of buying and developing more properties in British Columbia.
Brock, the company's first dedicated hire in the region, spent nearly nine years at Bosa Properties, one of Vancouver's largest real estate developers.
He managed numerous industrial, multifamily and hospitality projects throughout British Columbia, and played a key role in Bosa’s expansion into the United States, Prologis said in a statement.
Brock's main focus be on expanding the global logistics giant's footprint in Vancouver, and over time, across Western Canada.
"This market is a critical global logistics hub," Brock said in a statement, adding that his efforts to expand Prologis' portfolio will enable "smarter, more sustainable supply chains for our customers.”
Brock, a native of Montreal, Quebec, received a bachelor’s degree in civil engineering from Concordia University. He also has a masters in business administration from the University of British Columbia.
Prologis has more than 12.5 million square feet across 37 facilities in the greater Toronto and Hamilton areas. Roughly $39 billion in goods passed the company’s Canadian warehouses, supporting nearly $7 billion in gross domestic product and generating $1.61 billion in tax revenues as of Dec. 31, according to the company.
Vancouver’s strategic location, infrastructure and proximity to such major U.S. markets as Seattle and the San Francisco Bay Area make it a key market for the company, Prologis said in the statement.